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(As more and more people invest their money) in savings certificates or money-market funds in order to earn higher interest, they are abandoning traditional low-interest investment havens such as passbook accounts and life insurance policies.

 

(A) As more and more people invest their money

(B) While people have more and more been investing their money

© As money is more and more invested by people

(D) More and more, when investors put their money

(E) While, more and more, investors have been putting their money

 

 

 

 

i got the answere correct but am unable to refute B.

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"while" is meant to set up a contrast. However, we don't want to contrast anything, we want to say what is causing people to abandon traditional low-interest investments. "As" properly conveys the intended meaning, since it tells us that in the process of investing in money market funds, people are abandoning traditional low-interest investments.
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Also, B has a tense error...

 

B says, While people have more and more been investing .........they are abandoning traditional.

 

When using while, both have to be happening at the same time. Hence, B is wrong.

 

Hope I have made sense.

Cheers,

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